Internal prototype — noindexed, not linked from public navigation yet.

Statutes » New York » TAX Law » Article 28-D

N.Y. TAX Law § 1197

This is the official text of N.Y. TAX Law § 1197, part of New York’s TAX Law — part of the compiled statutory law of New York, published by the state as "TAX Law." Browse the sections below, each linked to its official government source.

Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.

Deposit and disposition of revenue

Official statutory text

§ 1197. Deposit and disposition of revenue. (a) All taxes, fees,\ninterest and penalties collected or received by the commissioner under\nsection eleven hundred ninety-one of this article shall be deposited and\ndisposed of pursuant to the provisions of section one hundred\nseventy-one-a of this chapter.\n (b) All taxes, fees, interest and penalties collected or received by\nthe commissioner under section eleven hundred ninety-two of this article\nshall be deposited and disposed into the corporate transportation\naccount of the metropolitan transportation authority special assistance\nfund established by section twelve hundred seventy-a of the public\nauthorities law, to be applied as provided in paragraph (e) of\nsubdivision four of such section.\n (c) All taxes, fees, interest and penalties collected or received by\nthe commissioner under section eleven hundred ninety-three of this\narticle shall be deposited and disposed into the public transportation\nsystems operating assistance account established by section\neighty-eight-a of the state finance law.\n

Status: in_force · Read it on the official government site

Need a lawyer in New York?

Find a New York lawyer
About this page: Statute text is reproduced from official government publishers via the Open US Law dataset (Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine (Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.